If you're currently earning $9.25 per hour and you received a 4% increase, what would be your new hourly rate
Mathematics · High School · Thu Feb 04 2021
Answered on
Given the statement:
You're currently earning $9.25 per hour and you received a 4% increase
Determine your hourly rate.
Solution:
In order to determine your hourly rate, we simply needed to multiply the decimal value of 4% to 9.25 then add the product to 9.25. This means that we need to change first the percentage to decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 4/100
= 0.04
= ($9.25)(0.04)
= $0.37
= $0.37 + $9.25
= $9.62
Final answer:
= $9.62